Brazil tries another go at bullet train project

A company called TAV Brasil has just signed a contract with Brazil’s land transportation agency ANTT to create a new high-speed railway connecting São Paulo and Rio de Janeiro, the country’s two biggest urban centers. 

At first glance, the idea seems like a revival of a project President Luiz Inácio Lula da Silva started to push forward almost a decade and a half ago. Albeit a much less ambitious version of it. In addition to being shorter, the new project would be entirely financed by the private sector. The possibility of a fully private railroad in Brazil has existed since…